>> China mourns Paris terror victims

Chinese government and citizens on Thursday of January 8 mourned the victims of the attack on the offices of Charlie Hebdo magazine in Paris and denounced terrorism and murder, both on and offline.

President Xi Jinping sent a message of condolences to his French counterpart, Francois Hollande, over the attack.

In the message, Xi expressed deep grief for the loss of lives and extended sincere condolences to the injured and the families of the killed.

Terrorism is a common enemy of all mankind and a common threat to the entire international community, including both China and France, Xi said.

China is firmly opposed to all forms of terrorism, and stands ready to work with France and other countries to boost security and counter-terrorism cooperation so as to safeguard world peace and protect the people of all countries in the world, he added.

On social media, the tragedy drew strong responses from ordinary people though it happened far away from China.

“Mourning for the victims. Respect for life should be the bottom-line of all human beings,” posted “Maliaome” on Sina Weibo.

“Paris, France. A bloody scene unfolded in the romantic nation. Pray for the victims! We stand beside Charlie, and we stand beside all the anger and condemnation that every normal person should have towards terror,” wrote another Weibo user “Ziyehuadeng.”

Many also posted images of candles to show sympathy.

Three heavily armed, masked men stormed the offices of satirical weekly Charlie Hebdo in downtown Paris on Wednesday, killing at least 12 people, including the magazine’s editor, several celebrated cartoonists and two policemen, and injuring 11 others.

French President Francois Hollande on Wednesday branded the shooting an act of terror.

“We are deeply shocked at the attack and strongly condemn it,” Chinese Foreign Ministry spokesman Hong Lei said, “We mourn the victims and express our sympathies to the bereaved families and the injured.”

American businesses in Taiwan called on the authority to take steps to alleviate uncertainty in its policy toward the Chinese mainland as part of efforts to reduce political turmoil, according to a survey released on Thursday of January 8.

The 2015 Business Climate Survey conducted for the fifth year by the American Chamber of Commerce (AmCham) in Taipei, suggested the authority finalize policy regarding the cross-Strait services trade pact which was signed in 2013 but has been bogged down since a student movement in March.

The impasse of the pact could arouse concern about Taiwan’s international credibility with other business partners worrying about unpredictable changes to their agreements with Taiwan, said Thomas Fann, chairman of the AmCham.

According to the survey, 60 percent of respondents said implementing the cross-Strait services pact would be key to benefiting Taiwan.

Asked about the effects of the Economic Cooperation Framework Agreement (ECFA) signed between Taiwan and the mainland in 2010, 39 percent of the respondents said it had “some positive” impact on Taiwan.

Another 21 percent of respondents saw it as having a “very positive” effect on Taiwan, up from 13 percent in 2014 and the year before. Another 13 percent said the pact had a “very positive” impact on their own business, compared with just 4 percent last year and 5 percent in 2013.

The survey also listed U.S. business people’s least favorite aspects of doing business in Taiwan.

The majority of business leaders listed inconsistent regulatory interpretations, excessive bureaucracy and outdated regulations as the to the same obstacles to doing business on the island for the past five years.

Despite negative factors, a majority of the U.S. businesses in Taiwan show a positive outlook after three consecutive years of declining sentiment. Seventy percent of the surveyed said their companies were profitable in 2014 and believe they can maintain similar profit levels in 2015.

AmCham Taipei, founded in 1951, reached out to more than 420 representatives to seek their views in the survey. Most of them are general managers, CEOs and senior managers. Some 245 of the select representatives responded to the survey.

BEIJING

>>China calls for restraint on Kashmir border

By Hou Lijun

China is concerned about the recent flare-up between India and Pakistan on Kashmir border and urged for restraint from both sides, Foreign Ministry spokesman Hong Lei said on Thursday of January 8.

As a neighbor and friend to both Pakistan and India, China hopes the two countries to control the situation through dialogue and consultation, and properly deal with their disputes, said Hong at a regular press briefing.

He called on the two countries to work together to safeguard peace, stability and development in South Asia.

The troops of India and Pakistan have been targeting each other on International Border (IB) and Line of Control (LoC) in Kashmir since the beginning of the new year.

The troops of India and Pakistan intermittently exchange fire on 198 km IB and 720 km-long LoC in Kashmir, despite an agreement in 2003 to observe cease-fire.

Both New Delhi and Islamabad accused each other of resorting to unprovoked firings and violating cease-fire agreements, and both sides maintain their troops gave befitting reply to the other side.

LAS VEGAS

>>Chinese firms show off cutting-edge products at tech show

By Zhng Chaoqun

People who love to take photos now have a new angle for photography. With a drone and gimbals both developed by a Chinese company, shutterbugs have more fun to shoot from the sky.

“Starting from the latter half of 2014, the market of civil unmanned drone flourished in short time,” said Tong Shaonan, marketing manager of DJI, a company based in the southern Chinese city of Shenzhen.

The firm is one of several makers showing their latest technology in the Unmanned Systems Marketplace, an event at the ongoing 2015 International Consumer Electronics Show, which opened Tuesday in Las Vegas, Nevada.

“DJI has taken over 70 percent of global civil drone market,” Tong said.

According to the Consumer Electronics Association, organizer of the show, 400,000 drones for civilian use will be sold in 2015 for a total value of 130 million U.S. dollars, up 55 percent from last year.

Drones are just one of the products that Chinese companies’ technology is leading at this year’s show. At the crowded drone section at the annual consumer electronics expo, half of the 14 exhibitors are from China.

EHang is another leading drone brand. Its Ghost, controlled via an app on an Android phone, can fly at 79 km per hour and reach an altitude of 900 meters.

Apart from drones, smartphones designed and produced by Chinese companies are also eye-catching.

Steve Koenig, director of Industry Analysis of the Consumer Electronics Association, admitted that Chinese smartphone brands are putting pressure to their global competitors.

Xiaomi alone sold 61 million units in 2014, with 70 percent of the sales generated online. Its latest phone, Mi5, is equipped with a 5.7-inch screen and a 20.7-megapixel camera, signaling that Chinese brands are not just focused on making cheap phones, but on quite sophisticated devices, Koenig said.

Large TV screens are another category dominated by Chinese manufacturers.

At the expo, the Guinness Book of World Records had to take a measurement and confirmed that TCL’s 110-inch 4K curved screen is slightly bigger than a similar product of Samsung.

Meanwhile, Haier, China’s leading household electrical appliances maker, and American company Roku Inc. announced their new Haier Roku TV, which combines Haier’s excellent picture quality and slim bezel designs with the simple and easy-to-use Roku streaming experience that gives consumers access to more than 2,000 streaming channels, the largest lineup of streaming channels available on a smart TV.

As more Chinese companies would like to invest heavily on research and development, most of them are going farther in the global market.

Lin Lan, vice president of Hisense, said his company’s market share in North America rose to 3.4 percent last year from 1.1 percent in 2013, adding that Hisense sold more than 2 million TVs in North America in 2014.

BEIJING

>>China buys more iPhones than US for first time: report

By Liu Tong

Strong demand for Apple’s latest iPhone 6 and iPhone 6 plus smartphones has helped the Chinese market outsell the United States for the first time, according to tech news hub pingwest.com citing a report from investment banking firm UBS.

Steven Milunovich, an analyst with UBS, said iPhone demand saw outsized growth in China and China could constitute as much as 35 percent of shipments in the last quarter of 2014, way higher than the 24 percent ratio of the U.S. market. During the same period last year, China’s market share was 22 percent.

Apple only began selling iPhone 6 and iPhone 6 plus in the China market on Oct. 17, but Chinese consumers’ preference for larger sized phones made the devices the most popular sold in China. Orders reached 10 million within three days after the initial sell date on JD.com, a major e-commerce platform.

The UBS report estimates Apple sold 69.3 million iPhones in the last quarter of 2014, a new quarter record.

Apple CEO Tim Cook said during a trip to China in October that “it’s just a matter of time” before China “becomes Apple’s biggest revenue contributor.” Cook also said Apple would increase its number of Apple retail stores in China from 15 to 40 in the next few years.

The 26th Palm Springs International Film Festival (PSIFF), one of the largest in North America, will show Chinese director Wang Xiaoshuai’s film “Red Amnesia” in the Modern Masters category on Thursday and Friday of January 9.

“I chose ‘Red Amnesia’ because of its production values, acting, and the story that tells about the old and new China,” Theresa Hayes, Asian Film Programmer at PSIFF, told Xinhua.

“Red Amnesia” tells the story of an elderly widow who starts receiving anonymous phone calls, and her sons at first ignore her and assume these are the delusions of a lonely and disoriented old woman. But the harassment continues becoming a painful reminder of a long-forgotten past.

Hayes was impressed by the “universal adaptation of people caught in a difficult situation and how they manage to push those memories far back in their mind.”

“This is a challenging work that guards its secret closely but builds cumulative power,” said David Rooney of the Hollywood Reporter in a review. “This well-acted drama’s enigmatic spell creeps up on you.”

The film was selected in competition for the Golden Lion at the 71st Venice International Film Festival in 2014. Hayes said the Modern Masters is a category that focuses on known and deserving directors.

The ten-day PSIFF will continue till Jan. 12. About 140,000 people from across the United States are expected to attend the festival this year.

KUALA LUMPUR

>>Malaysia to ease visa requirements for Chinese

By Hu Guangyao

The Malaysian government has agreed in principle to ease visa requirements for tourists from China, local media reported on Thursday of January 8.

The cabinet has directed the Home Ministry to further study the move, according to local English daily The Star.

It was high time for Malaysia to follow Indonesia’s example which had eased the visa requirements for tourists from five countries including China, said Hamzah Rahmat, president of the Malaysian Association of Tour and Travel Agents.

SOFIA

>> Bulgaria starts to offer opening of Chinese RMB accounts

By Marian Draganov

Postbank has launched for the first time on the Bulgarian market the trading and servicing of accounts in Chinese RMB, the bank has said in a press release on its website.

“Since the middle of last year, we have observed an increased interest of our clients in the Chinese market and this interest continues to grow,” the bank said.

As a leading financial institution, Postbank has decided to expand the list of supported currencies and become the first bank in the country that offers trading and servicing of accounts in Chinese RMB for the needs of its current and future customers, the press release said.

According to its website, Postbank, a member of Eurobank Group, commands a market share of nearly 10 percent, with a workforce of 2,400 employees and a branch network of over 180 locations in Bulgaria.

SHANGHAI

>>Sony delays sale of PlayStation 4 in China

By Yao Yuan and Gao Shaohua

Sony will postpone sale of its gaming consoles PlayStation 4 (PS4) and PlayStation Vita (PSV) on the Chinese mainland, formerly scheduled to release on January 11, the company said on Thursday of January 8.

Sony Computer Entertainment and its Chinese partner Shanghai Oriental Pearl Group said in a statement that the delay was due to “various reasons” and did not give a new sale date.

The delay affects the Japanese company’s game consoles PS4, the portable PSV as well as their related products and games.

China saw the release of Microsoft’s Xbox One, the first game console legally available in China, in September last year after a 14-year ban on game console sales was lifted.

BEIJING

>>Aston Martin to recall 602 cars in China

By Zhu Shaobin, Xu Bo and Xu Qingsong

Aston Martin, producer of some of the world’s most expensive race cars, will recall 602 vehicles on the Chinese mainland due to seat heater problems, the country’s top quality supervisor said on Thursday of January 8.

The affected models include the V8 Vantage, V8 Vantage S, DB9, Virage and DBS manufactured between October 2006 and October 2014, said the General Administration of Quality Supervision, Inspection and Quarantine.

The electronic module for the front seat heaters may fail in certain vehicles due to lack of monitoring and power-off protection functions, which could cause overheating of the seats and pose safety risks, the government agency said in a statement on its website.

Owners of the affected vehicles will be notified, and their cars will be repaired for free. Dealers will install an additional module to the circuit that can interrupt power to the seat heaters.

The recall starts on January 9.

RIO DE JANEIRO

>>Brazil striker Tardelli reveals “irresistible” Chinese offer

By Michael Place

Brazil international striker Diego Tardelli revealed on Thursday of January 8 he has received an “irresistible offer” to join a club in China.

The 29-year-old said a move would depend on an agreement between the suitor – believed to be Shandong Luneng – and his current club Atletico Mineiro.

“Right now nothing is certain. I’ve left it in the hands of the club and my agent (Giuliano Bertolucci), Tardelli told reporters on Thursday.

“I think every player would like to be in my situation. If I go, it’s going to be good for me. If I stay I will be happy too because of my relationship with Atletico and the fans. It’s a good proposal, irresistible. But it has to be good for me and (Atletico).”

Atletico Mineiro have reportedly already rejected an initial six million-euro bid from Shandong for the former Real Betis player.

Tardelli scored 10 goals from 23 Brazilian Serie A matches in 2014. He was recalled to Brazil’s squad by national coach Dunga in September.

RIO DE JANEIRO

>>Palmeiras announce Shandong Luneng friendly

By Michael Place

Eight-time Brazilian champions Palmeiras will play a friendly against China’s Shandong Luneng later this month, the Sao Paulo club confirmed on Thursday of January 8.

The Chinese Super League outfit boast three Brazilians in their squad: Junior Urso, Vagner Love and Aloisio. They are also coached by Brazilian Cuca.

The friendly will be played at Allianz Park on January 17, Palmeiras said on their official website.

It will be Palmeiras’ fourth match against Chinese opponents, having won previous friendlies against Sichuan Quanxing, Dalian Wanda and Shandong Jinan Taishan.

The fixture will be Oswaldo de Oliveira’s debut as Palmeiras coach.

TEHRAN

>>Iran’s Faghani to referee China-Saudi Arabia game

By Hassan

Iran’s Alireza Faghani will referee the China-Saudi Arabia match in Group B of the 2015 AFC Asian Cup, Tasnim news agency reported on Thursday of January 8.

The 36-year-old referee will be assisted by countrymen Reza Sokhandan and Mohammad-Reza Abolfazli at the match to be held at Australia’s Brisbane Stadium on Saturday.

Faghani was picked as the fourth official for the opening match of the 2014 FIFA World Cup between Brazil and Croatia.

The 2015 AFC Asian Cup which will be held in Australia from Jan. 9 to 31.

BEIJING

>>China escalates war on “foxes”

By Hu Longjiang, Li Jinfeng, Zou Wei, Luo Sha and Liu Huan

While swatting “flies” and caging “tigers” at home, China has also gone all out to hunt the “foxes.”

Operation “Fox Hunt 2014″, which ended on December 31, resulted in the trapping of 680 foxes — corruptive officials and economic crime suspects who have fled the country, the Ministry of Public Security announced on Thursday of January 8.

Fox Hunt aimed to “block the last route of retreat” of corrupt officials as the domestic squeeze has narrowed the space for abuse of power and survival.

Of those seized, 390 turned themselves in; 208 are implicated in cases involving over ten million yuan (1.6 million U.S. dollars); and 117 had been at large for over a decade, one having been on the run for 22 years.

The fugitives were seized in 69 countries and regions, assistant police chief Meng Qingfeng said, adding that over 70 police teams had been sent overseas on the hunt. A total of 332 gave themselves up after October’s ultimatum: Give yourself up before December 1 to receive more lenient sentences.

“Behind the hunt for fugitives lies judicial justice,” said Meng. If they can’t be apprehended, demands for judicial fairness will come to nothing, he said.

Besides the seizure of fugitives, cash and property has also be recovered.

“The exhaustive overseas hunt has become a huge deterrent to corruption,” said Xu Yaotong, professor with the Chinese Academy of Governance. The operation not only captured a number of crooks on the run, but uncovered information leading to the investigation of more suspects.

Corruptive Chinese officials and businessmen have a long history of fleeing to other counties.

The smuggling ring boss Lai Changxing as well as Gao Shan, former director of the Bank of China Hesongjie Branch, among others, avoided legal sanction for years by hiding in Canada, the U.S. and the Republic of Korea before being brought back to China to face the music.

“The international hunt for corrupt officials and economic crime suspects is part of the anti-corruption war. No matter where they flee to, they can’t escape the law,” Chen Zhijun, law professor of the People’s Public Security University of China.

As China steps up the corruption fight, the number of officials on the lam is expected to increase. There is no authoritative data, but many officials have sent their sons or daughters abroad to live and study, feeding public speculation that they may try to seek a shelter for their family before their possible fall.

China signed the United Nations Convention Against Corruption in 2005.During the APEC meeting in Beijing in November, the Beijing Declaration on Fighting Corruption was adopted, with APEC members pledging to eliminate corruption through extradition and judicial assistance with more flexible legal measures to recover the proceeds of crime.

So far, China has concluded a total of 39 extradition treaties, including 29 that have taken effect; and 52 criminal judicial assistance treaties, with 46 already in force.

Law enforcement cooperation between China and the United States, Canada and Australia, the three major destinations for fugitive officials, is making steady progress.

Despite of the successes, the international hunt of suspects is an arduous task, according to Liu Dong, who was in charge of “Fox Hunt 2014″.

Different countries have different judicial systems, and the arrest of suspects needs plenty of evidence, Liu said. The human and economic cost of the mission is huge.

Xu Yaotong suggests that better judicial cooperation with foreign counterparts would reduce the costs in both money and time.

The conclusion of the operation does not mean the end of China’s global quest. In the future the police will try to improve efficiency, Liu said.

Preventing suspects from fleeing is more urgent than bringing them back, according to Zhang Huide, associate professor from the People’s Public Security University.

Zhang called for authorities to plug entry-exit loopholes, and continue to improve passport management with a high-tech identification system to prevent officials from using fake identities.

BEIJING

>>China denies strong stimulus speculation

By Fang Dong and Yu Jiaxin

China’s top economic planner on Thursday of January 8 denied reports that the country’s recent infrastructure projects approval will play the role of using fiscal expenditure as strong economic stimulus in 2015.

Luo Guosan, an official of the National Development and Reform Commission, said, during a press conference, the infrastructure projects aimed to encourage social capital to flow into them rather than serving as strong economic stimulus based on fiscal expenditure.

The projects are different from the stimulus program in 2008, he added.

Earlier reports said the State Council approved seven projects valued at 7 trillion yuan (1.14 trillion U.S. dollars) by the end of 2014, arousing speculation on strong stimulus.

Luo did not give out the official value of the projects and said it is still subject to calculation of the NDRC.

The NDRC unveiled seven major projects in November, involving oil network, power grid and clean energy.

BEIJING

>>Political advisors want better management of state labs

By Fu Shuangqi

National political advisors discussed the management of state-sponsored research labs at a bi-weekly symposium on Thursday of January 8.

Yu Zhengsheng, chairman of the National Committee of the Chinese People’s Political Consultative Conference, presided over the symposium and exchanged views with the advisors.

According to a statement issued after the meeting, political advisors agreed that state-sponsored labs should set an example for other research institutions in terms of management and efficiency.

They suggested that these labs should adopt stricter protocols on management of funds and staff and improve the efficient use of money and resources.

They also urged the government to provide steady funds for the labs in basic research areas.

BEIJING

>>China bans private cars from taxi-hailing market

By Fang Dong and Qi Zhongxi

China’s Ministry of Transport forbade private cars from taking passengers for profit using taxi-hailing apps after local authorities cracked down on unlicensed drivers using apps as camouflage.

The ministry has ordered app developers to rule out private cars from their platforms to ensure that all vehicles are owned by taxi or car-hire companies out of concern for passenger safety.

Under Chinese law, a private car owner can not take passengers for profit, however, some vehicles offered on the basis of taxi-hailing apps are owned by drivers.

The Shanghai government detained 12 drivers using taxi-hailing business via Didi Dache, one of the most popular apps, and fined each driver 10,000 yuan (1,630 U.S. dollars) in December. Beijing authorities have also started to get tough with unlicensed drivers.

The action against unlicensed drivers has not been without public discontent as the vested interests — taxi companies — are untouched.

The ministry said it recognized the luxury car pick-up services, which it described as innovative model and blurring the boundary between taxis and car rental business.

The ministry encourages innovation and just wants to make the business develop in an orderly manner and in accordance with the law. It will continue to investigate and survey the new business.

BEIJING

>>Milk overproduction poured into sewers in China

By Zhan Yan

Farmers have been pouring milk into sewers after failing to sell it, while the Chinese authorities on Thursday of January 8 agreed to help farmers through the hard times.

All efforts should be made to purchase milk from farmers to avoid milk being destroyed or cows being sold, said a statement on the website of the Ministry of Agriculture.

Local governments are encouraged to issue subsidies to farmers and help reduce their losses, it said.

The ministry has sent task forces to key diary bases, including Hebei, Shandong and Shanxi, to tackle the problem it said.

Chinese consumers are turning to overseas milk products, especially after the scandal of melamine-tainted baby formula produced by China’s Sanlu Group in 2008.

BEIJING

>> Five local-level officials investigated for bribery

By Liu Tong and Chen Fei

Five local-level officials have been questioned or arrested over allegations of corruption, the Supreme People’s Procuratorate (SPP) said on Thursday of January 8.

Wang Baojun, who was former chairman of the municipal committee of the Chinese People’s Political Consultative Conference of Hengshui in north China’s Hebei Province; and Zhong Ji’an, former inspector of Hebei Provincial Commerce Department, have been put under investigation and placed under “coercive measures” for allegedly accepting bribes.

According to the Criminal Procedure Law, coercive measures include summons by force, bail, residential surveillance, detention and arrest. The SPP did not specify what measures had been taken.

SPP said another three officials had been arrested over allegations of bribery. They are Yan Cheng, vice president of a local state-owned bank in Inner Mongolia; Chen Yong, head of the energy bureau in Jiangsu Province; and Zhong Bingming, an official with the Jiangxi provincial poverty alleviation authority.

TAIYUAN

>>Chinese farm machinery expert abridges Marx’s “Das Kapital”

By Cheng Lu and Wang Xuetao

A farm machinery expert in China’s Shanxi Province undertook the bold task of shortening Karl Marx’s iconic book “Das Kapital” from more than 1.8 million words to 340,000.

Li Zhongliang (李忠良), a 73-year-old retiree, spent 11 years abridging the Chinese version of Marx’s critical analysis of political economy, which helped set the groundwork for economic laws in capitalist society.

His shortened version was published last June.

Li says he was inspired to undergo the task after he borrowed the book from a friend in 1976 but had difficulty grasping the concepts.

“After reading it three or four times, I finally understood and was deeply impressed by Marxism. I felt my view to the world changed,” Li said, animately explaining his passion for the topic.

Wanting to encourage others to explore the reasoning in “Das Kapital” he set out to simplify the message.

“Some contents can be deleted, which would not affect the understanding of the whole book. I thought perhaps I could work out an abridged version for Chinese people,” he said.

In 2003, Li embarked on his ambitious dream after retiring from a new agricultural machinery technology and service center in Shanxi.

Li said abridged versions of “Das Kapital” can be found in China, but many ignore the logic and accuracy of the original work.

In order to overcome these shortcomings, he strictly followed his own rules, such as keeping essentials and not adding a single word to the content.

Three years later, he finished his first volume of the 1975 Chinese version of “Das Kapital” and sent the draft to a provincial institute.

His efforts were praised by scholars of the institute. “Although the original work is shortened, he maintained its logic and ensured all the information is accurate,” said scholar Jin Gongyuan.

As the Chinese edition was continually updated, Li kept pace with his abridgements, finally publishing the shortened edition based on a 2009version.

He organized his shortened work by giving the equivalent page number of the original book on the edge of each page.

In the very beginning, Li’s “strange hobby” worried his family. His wife said he would lock himself in a room at least seven or eight hours a day. “A wall cut off family affections,” she said.

But now their attitude has changed as more people show support to Li’s efforts.

Based on his abridged version, his granddaughter, who is an English major, published a shortened version of “Das Kapital” in English last week.

“I have realized my dream. ‘Das Kapital’ boasts many readers in the world. I hope more Chinese can read, understand and benefit through my efforts,” he said.

BEIJING

>>Chinese railway police hunt scalpers as holiday approaches

By Fu Shuangqi

China’s railway police on Thursday of January 8 launched an operation to track down scalpers online as the traditional Chinese New Year approaches.

Police are scanning the national train ticket booking website, www.12306.cn, for suspicious buyers who book multiple prime travel rush tickets and then refund them, as well as those with unusual itineraries, the Ministry of Public Security said in a statement.

The ministry pledged that police nationwide will investigate every substantial lead and try to catch as many scalpers as possible.

It also encouraged citizens to come forward if they discover their identities have been stolen to buy train tickets.

The Spring Festival, which falls on Feb. 19 this year, is the busiest travel season in China, especially for the country’s railway system.

In 2014, about 266 million people traveled by train during the 40-day Spring Festival travel season.

Train tickets are in high demand, and scalping has continued despite persistent efforts. Online purchases using ID cards have helped curb scalpers, but they have created new countermeasures, such as using stolen IDs and “ticket snatching” plugins.

BEIJING

>> China stocks close lower on Thursday

By Zhu Shaobin

Chinese shares closed lower on Thursday of January 8, reversing gains over the previous three trading days.

Bucking the trend, nuclear power-related stocks led gains on Thursday on reports that China is likely to break the technological monopoly by foreign firms after the country made a key technological breakthrough in control rod driving systems at a domestic nuclear power station. Shanghai Electric Group Company Ltd. rose 3.66 percent to 9.9 yuan per share.

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